China bails SA out with $14,7bn investment

Trade co-operation agreements signed by South African President Cyril Ramaphosa and Chinese counterpart Xi Jinping for the investment are to benefit the local infrastructure, ocean economy, green economy, science and technology, agriculture, environment and finance sectors.

“Strengthening the partnership with the world’s leading economy and reliable trade partner has afforded South Africa with opportunities to increase its exports, accelerate infrastructure delivery, economic recovery and job creation,” said Sanco National Spokesperson, Jabu Mahlangu in a statement released late on Tuesday.